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Bitwise, a leading crypto asset manager, has identified Ethereum, Solana, XRP, and Chainlink as the top blockchain projects to watch, driven by a boom in tokenization.
“Tokenization, the idea of moving stocks, bonds, and other real-world assets over blockchains instead of traditional networks, is having a moment,” Bitwise CIO Matt Hougan and Head of Research, Ryan Rasmussen, shared in a recent report.
The experts say that even a small-scale adoption of tokenisation could outperform other crypto trends.
Robinhood, Kraken, and Wall Street Players Dive In
In just the last month, Robinhood and Kraken launched tokenized stock trading. Coinbase has also recently filed the paperwork with the SEC, calling tokenized trading a “huge priority.”
Wall Street players are also paying attention. Major financial firms invested $135 million into the Canton Network, a new blockchain built for trading real-world assets. The funding round included big names like DRW, Tradeweb, Citadel, DTCC, and Goldman Sachs, which shows serious institutional interest.
Mercado Bitcoin, one of Latin America’s biggest crypto exchanges, plans to tokenize $200 million worth of real-world assets on the XRP Ledger. According to Galaxy Digital, tokenization could even take away some of the NYSE’s revenue. Tokenized assets on blockchains have already hit record highs.
Even SEC Commissioner Paul Atkins has called tokenization a major “innovation” and said that the agency should help it grow rather than stand in its way.
Why We Could See The Impact Now?
Analysts at the firm note that while tokenization has always felt inevitable, they believed it was still years away from making a real impact. But recent developments are changing that view. With real-world adoption picking up, it could start impacting crypto prices sooner than expected.
“The primary reason is that the market for tokenization is enormous,” they said.
BlackRock CEO Larry Fink has summed it up, saying: “Every stock, every bond, every fund, every asset, can be tokenized.” That would be a $257 trillion market when global stocks and bonds are combined, and it does not include real estate, art, or other assets.
Tokenization Could Surpass Bitcoin as Crypto’s Top Use Case
Stablecoins are expected to grow from $250 billion to $2 trillion by 2030. But even that would be less than 1% of the potential tokenization market, the analysts say. While they believe that full-on-chain trading of stocks and bonds may take over a decade, even 1–5% adoption in the next few years could unlock trillions in value, surpassing any other crypto use case, including Bitcoin.
Bitwise believes that big players like Charles Schwab are close behind. The firm expects a wave of announcements this fall.
“The cleanest way to invest in the rise of tokenization is to buy a basket of the top Layer 1 blockchains and infrastructure plays: Ethereum, Solana, XRP, Chainlink, etc,” the analysts noted.
They recommend diversifying, given the number of players involved. Investors may also consider stocks like Robinhood, Coinbase, and Circle, which will benefit from tokenisation.
According to Larry Fink, tokenization could grow 4,000x, making it one of the most promising opportunities in the market. “There aren’t many markets that can say that,” the analysts added.
